Business
NMGS Warns Nigeria Losing Billions to Illegal Mining
The Nigerian Mining and Geosciences Society (NMGS) warns Nigeria loses billions daily to illegal mining, urging stricter regulation, ethical practices, and sustainable resource management
The Nigerian Mining and Geosciences Society (NMGS) has raised alarms over the billions of naira lost daily to illegal mining activities across Northern Nigeria and other regions.
Also read: Segilola Resources Champions Ethical Sourcing in Mining
National President Rose Ndong highlighted that overreliance on crude oil has limited investment in solid minerals and agriculture, forcing some licensed operators to compromise and engage in unauthorized extraction.
She called for stricter regulation, enforcement of ethical standards, and effective oversight to restore order in the sector.
Ndong spoke during the 261st National Conference of NMGS in Uyo, Akwa Ibom, themed “Optimising Efficiency, Sustainability and Resilience in Resources Management and Infrastructure Development.”
The event will showcase Nigeria’s geo-tourism potential, sustainable infrastructure projects, and the state’s rich mineral and water resources, promoting investment, job creation, and climate-resilient development.
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She commended Governor Umo Eno for his leadership under the ARISE Agenda and described the conference as a strategic step toward positioning Akwa Ibom as a geo-economic hub in the Niger Delta, while advocating mandatory geo-scientific assessments for infrastructure planning.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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